ResultsMoneycontrol
Indian IT subcontracting costs climb in Q2 amid visa curbs
Negative-47
GreyOak summary
Four top Indian IT firms reported higher subcontracting costs in Q2 due to H-1B visa uncertainties and rising AI demand. Infosys saw subcontracting costs rise to 8.9% of revenue. Management expects these costs to weigh on margins short-term while they work to rein them in through campus hiring.
What it affects
- Information TechnologyNegative -47
Subcontracting costs rose due to visa curbsRolling sentiment Neutral -11
